Featured Speakers

Sir David Tweedie, Chairman
International Valuation Standards Committee

Sir David was educated at Edinburgh University (BCom 1966, PhD 1969) and qualified as a Scottish Chartered Accountant in 1972. In 1990 he moved from a role as national technical partner at KPMG to be the first full time chairman of the UK Accounting Standards Board. In January 2001 he was selected by the trustees of the IASC Foundation to be the first Chairman of the International Accounting Standards Board (IASB) and CEO of the Foundation. He led the Board for ten years until his term ended in June 2011.

In 2001, only a handful of countries used international standards (IFRS) but by 2011 over 120 countries required or permitted their use. During his tenure at the IASB he met on a regular basis with government ministers and senior officials in many of the world’s major economies. He was a member of the Financial Stability Board and came into regular contact with national and international financial regulators. He is a Fellow of the Judge Business School at Cambridge University and a visiting Professor of Accounting in the Management School at Edinburgh University, having previously held visiting professorships at the Universities of Lancaster and Bristol. He has received honorary degrees from eight British universities. He was knighted in 1994 and has received many other honours and awards in recognition of his for service to the accounting profession. Sir David became President of The Institute of Chartered Accountants of Scotland, the world's oldest professional accountancy body, in April 2012. He chairs the Royal Household Audit Committee for the Sovereign Grant.

Chandu Chilakapati, Valuation Services | Managing Director
Alvarez & Marsal Valuation Services

Chandu Chilakapati is a Managing Director with Alvarez & Marsal Valuation Services in Houston. Mr. Chilakapati has provided valuation and risk management consulting services for more than 17 years. During that time, he has provided fair values to corporate clients on thousands of instruments ranging from swaps to exotic options across energy, interest rate, and foreign currency underlying markets. He has an Energy focus and has delivered valuation reports related to purchase price allocations, stock-based compensation, derivative and hedge accounting, and tax valuations. Prior to joining Alvarez and Marsal Valuation Services, Mr. Chilakapati was the President of ValSource Advisory Services, Inc., where he built web-based software that can value swaps and options across energy, interest rate, and foreign currency on a single platform. The technology combined with Mr. Chilakapati’s team provides financial reporting credit adjusted fair values on an outsourced basis including hedge accounting effectiveness tests, sensitivities, and disclosures. He was a Senior Manager in KPMG’s Financial Risk Management practice, and a manager in Arthur Andersen’s Financial and Commodity Risk Consulting practice. He began his career in business school at Rice University working on the trading desk at El Paso Energy where he had experience with natural gas options, transportation, and weather derivatives.

Chandu has created numerous valuation models that include Monte Carlo simulation for path dependent instruments such as separable warrants, convertible debt, stock-based compensation, and other exotic instruments. He and his team provide fair value support for debt, equity, leases, impairment, and other financial reporting related valuation needs. He and his team have provided corporate clients with assistance across the transaction life cycle beginning with pre-execution hedge strategy to measuring and monitoring risk to back office support of valuation and disclosure related to the transactions. Mr. Chilakapati earned a bachelor's degree in economics from the Washington University in St. Louis and a master’s degree in business administration with concentrations in finance and risk management from Rice University. He has spoken at and moderated numerous national technical accounting conferences related fair value and derivative and hedge accounting.

Jaclyn Cannici, Director, Valuation Advisory Services
Duff & Phelps, LLC

Jaclyn Cannici is a director in the San Francisco office, where she works in the Machinery and Equipment service line. Jaclyn leverages more than sixteen years of dedicated valuation experience in a wide range of industries, including semiconductor fabrication facilities, industrial manufacturing machinery, consumer product plants, automobiles and trucks, steel mills, paper mills, retail store furniture and fixtures, data centers and information technology systems. Jaclyn's primary responsibilities include valuing fixed assets (property, plant and equipment) for financial and tax reporting, purchase price allocations, fixed asset due diligence, fresh start accounting, litigation support, joint venture funding, property tax consulting, bankruptcy/liquidation studies and contribution analyses for various types of businesses. Jaclyn has visited and performed valuations for multinationals and state enterprises with facilities in Canada, Mexico, the United Kingdom, Spain, France, Ireland, Belgium, the Netherlands, Germany, Portugal, Italy, Hungary, Czech Republic, India, Japan, Singapore, China, Taiwan, Korea, Hong Kong, Thailand, Malaysia, Australia, Curacao and Barbados.

Some of Jaclyn's recent engagement highlights include the valuation of personal property associated with numerous worldwide semiconductor fabrication facilities for several leading multinational companies, with assets valued at more than $20 billion, valuation of 30 steel mills worldwide with a combined value of more than $30 billion, and valuation of numerous paper mills and converting assets exceeding $3 billion in value. Jaclyn earned her M.S. in management science (engineering/finance) as a Presidential Scholar from Lehigh University. She also holds a B.S. in industrial engineering from Lehigh University. Jaclyn holds an Accredited Senior Appraiser (ASA) designation, in Machinery and Technical Specialties / Machinery & Equipment, with the American Society of Appraisers.

Sheahan Stephan, President
Sheahan Stephen Sapphires

When I founded Sheahan Stephen Sapphires in 2006, it was important that I understood all aspects of the gem industry. Through my experience and expertise, I am able to offer only the highest quality gems to my customers and I take pride in my ability to trace each stone from mine to retailer. Furthermore, to promote the success of the sapphire trade, I give industry lectures ranging on subjects from treatment, processing and economic influence to pricing trends and trading within different regions. I am a frequent speaker for GIA, AGTA and AGS and currently sit on the Board of Directors for GIA San Francisco as the Vice President and AGS San Francisco as Secretary.

Angela Somers, Partner
Reid Collins & Tsai LLP

Angela J. Somers is a partner at the law firm of Reid Collins & Tsai LLP. Ms. Somers was a chapter 11 lawyer for major firms for over 25 years before joining RCT, a litigation boutique. As a chapter 11 lawyer, Ms. Somers represented debtors, committees, creditors and buyers in restructuring and litigation contexts. At RCT, Ms. Somers focuses on insolvency litigation, specializing in “who killed the company litigation.” She has represented chapter 7 and 11 trustees, as well as liquidating trustees, pursuing claims against directors, officers and owners of the debtor, the State of California, vehicle manufacturers and others. She has also been involved in numerous Chapter 15 cases, obtaining recognition of a foreign case to commence litigation of the offshore estate against third parties. Ms. Somers has also acted as an expert in foreign insolvency cases.

Michael Gregory, Founder
Michael Gregory Consulting, LLC and The Collaboration Effect

Michael Gregory is an ASA with the American Society of Appraisers, a CVA with the National Association of Certified Valuators and Analysts, and a Qualified Mediator with the Minnesota Supreme Court. Mike has served on various leadership roles with the ASA BV Committee and with the NACVA. He currently serves on the Trusts and Estates Journal Valuation Committee and he is a member of the Minnesota Bar Alternative Dispute Resolution Section. Mike founded Michael Gregory Consulting, LLC in 2011, a firm that focuses on conflict resolution with the Internal Revenue Service, business to business and within businesses (succession planning and shareholder disputes). Mike is also an international speaker giving over 50 presentations annually. He was an IRS territory manager with responsibilities for 23 states with an emphasis in the business valuation arena nationally. Mike championed a number of issues nationally including the IRS job aids on Discount for Lack of Marketability, S-corp valuations and, reasonable compensation. He also coordinated penalties on appraisers and other business valuation issues at the IRS. Mike has mediated and negotiated over 2,500 cases on issues involving differences between parties of nearly $1 billion.

Mike has a BS from Valparaiso University, a MS from the University of Wisconsin Madison, and an MBA from DePaul University. Mike has written 11 books and over 35 articles. His most recent book, Business Valuations and the IRS: Five Books in One (2018) is the most comprehensive and up to date book on the topic with 38 examples and over 180 practical pointers. Learn more about Mike, his work and helpful information at www.mikegreg.com and at www.collabeffect.com.